BTCapsule 🏴🧡 on Nostr: If Bitcoin softforks and we get #drivechains (that don’t effect you, your node, or ...
If Bitcoin softforks and we get #drivechains (that don’t effect you, your node, or the lightning network), and everyone tells you to switch to a different version of Bitcoin to save it like our heroes in the blocksize wars, would you do it? If the price of the softfork goes down, will you make the switch?
'If there was another fork, BlackRock’s ETF prospectus says it gets to decide which of the two cryptocurrencies is the “real Bitcoin,” despite what investors or other users of the blockchain think, Lubka said. This likely would lead the firm to dump all of its holdings in whichever coin isn’t selected.
“If they’re sitting on 5 million Bitcoin, that means they’re going to sell 5 million of the other fork,” Lubka said. “They’re going to tank the price.”'
https://fortune.com/crypto/2023/06/27/blackrock-bitcoin-spot-etf-wall-street-influence/amp/
'If there was another fork, BlackRock’s ETF prospectus says it gets to decide which of the two cryptocurrencies is the “real Bitcoin,” despite what investors or other users of the blockchain think, Lubka said. This likely would lead the firm to dump all of its holdings in whichever coin isn’t selected.
“If they’re sitting on 5 million Bitcoin, that means they’re going to sell 5 million of the other fork,” Lubka said. “They’re going to tank the price.”'
https://fortune.com/crypto/2023/06/27/blackrock-bitcoin-spot-etf-wall-street-influence/amp/